Shenzhen Stock Exchange: The fourth set of listing standards sets a relatively high market value requirement to facilitate the screening of companies with high market recognition.

The Shenzhen Stock Exchange has stated in response to questions from journalists regarding the public solicitation of opinions on the first batch of supporting business rules for deepening the reform of the ChiNext board that, overall, the fourth set of listing standards has set higher market value requirements, which is conducive to selecting enterprises with high market recognition. The revenue indicator can measure a company's level of commercialization, and the threshold of 200 million yuan requires companies to have a certain scale, which also conforms to the development laws of early-stage growth-oriented innovative entrepreneurship enterprises. Among them, the first category of the fourth set of listing standards adopts a combination of "expected market value + revenue + compound revenue growth rate," introducing an income growth indicator, highlighting growth potential, and mainly targeting high-quality innovative entrepreneurship enterprises in emerging industries that can adapt to their fast growth speed and relatively low market value characteristics. The second category adopts a combination of "expected market value + revenue + R&D investment," introducing an innovative R&D investment indicator, mainly targeting high-quality innovative entrepreneurship enterprises in future industries that can adapt to their outstanding innovation capabilities and low starting point of income. With the addition of the fourth set of standards, the coverage and inclusiveness of the listing standards system for the ChiNext board will be broader, and the market attractiveness will be further enhanced.